📊 #BTC JPMorgan analysts are reporting that as signs of normalization emerge in the Middle East, investors are gradually exiting BTC and gold.

Over the past two weeks, there has been a noticeable outflow from BTC ETFs and gold ETFs, while institutional positions in the CME futures market have also decreased. This trend indicates a shift away from macroeconomic hedging trades that gained popularity due to inflation and global instability. It reflects a simultaneous decline in demand for both assets, rather than a capital flow from BTC to gold. #etf